Tom Loozen named EY Global Telecommunications Leader

- Loozen has more than 25 years of experience across the Technology, Media & Entertainment and Telecommunications sectors, particularly in strategy and value creation, and in applying the latest technologies to drive innovation. Formerly Global Communications Industry Managing Director at Accenture – where he also led the Communications, Media & Technology practice in the Netherlands – Loozen has a proven track record of helping industry leaders shape and apply digital solutions to drive high-performance, and top- and bottom-line growth. Greg Cudahy, EY Global Technology, Media & Entertainment and Telecommunications Leader, says: "Tom takes the helm at a watershed moment for telecommunications. Digital disruption is redefining the competitive landscape everywhere, and telecoms is now at the heart of convergence across multiple industries. Tom's extensive experience and innovative approach will help clients navigate this fast-changing environment and unlock growth by embracing a strategic, forward-looking business model and fully leveraging the power that digital has to offer." Loozen holds a Master's of Science degree in Applied Physics from the Delft University of Technology, and earned an MBA from the Rotterdam School of Management in the Netherlands. Tom Loozen, EY Global Telecommunications Leader, says: "Today, telecommunications is integral to both consumers and enterprises, and with the introduction of 5G, it will only become more pervasive. At the same time, telecoms companies are now faced with a range of challenges, including ownership of the customer, competition from alternative providers of connectivity and more traditional telecoms services, increasing regulatory demand around data privacy and transparency, and the imperative to innovate. Highly capital-intensive network upgrades and build-outs are also putting pressure on returns on investment. Now is the time to act responsibly and decisively in rethinking business models, the approach to client engagement and how to exploit technologies such as robotic process automation and artificial intelligence. With its range of services, global coverage and entrepreneurial teams, EY is well positioned to help companies succeed in this environment." Notes to Editors About EY EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities. EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com. This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients. How the EY Global Telecommunications Sector can help your business Telecommunications operators are facing a rapidly transforming business model. Competition from technology companies is creating challenges around customer ownership. Service innovation, pricing pressures and network capacity are intensifying scrutiny of the return on investments. In addition, regulatory pressures and shareholder expectations require agility and cost efficiency. If you are facing these challenges, we can provide a sector-based perspective on addressing your assurance, advisory, transaction and tax needs. Our Global Telecommunications Sector is a virtual hub that brings together people, cultures and leading ideas from across the world. Whatever your need, we can help you improve the performance of your business. Michael CurtisEY Global Media Relations +44 20 7 980 0454 [email protected]   Logo - https://mma.prnewswire.com/media/381362/EY_Logo.jpg